Friday, 11 December 2015

Research conducted for the Residential Landlords Association (RLA) has also shown that each tenancy in the private sector nets the Treasury in the region of £1,000. Buy-to-let, far from enjoying a privileged status within the housing market, is a net contributor to the government’s coffers.

Yes, I have also calculated this figure as best I could and private landlords appear to be paying about £5 billion a year in income tax and other bits and pieces, = 5 million rented homes x £1,000 each.

That's half the truth. And a complete lie...

The bit he doesn't mention is that private landlords collect £9 or £10 billion in Housing Benefit every year, which is a drain on 'the government's coffers'.

Net the two figures off, and overall we see that private landlords are a drain on 'the government's coffers' of £4 or £5 billion a year.

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comments:

" The tax changes introduced by the government, however, will only drive up rents as landlords, many of whom do not make a profit on their properties, seek to recoup the extra costs"FFS, if they are making losses anyway, why haven't they put up their rents?"The Institute for Fiscal Studies agrees, as do countless landlords who have said so in survey after survey by the RLA."Would love to see the actual statement from the IFS - who have published a paper on how business rates cannot be passed on in the long run.